Never fails that after a tenant leaves there is a weird smell...I know new carpets and paint help, but I want a more budge friendly option.Thanks in-advance!

It will need about $3K in general flooring, paint and fixtures to put in a new tenant.This is basically a no money down deal where I can purchase with my LOC and then refinance at a LTV of 75%. 

Take Joe's advice and hook up with someone close to where you live and basically say I can give you leg work running to the courthouse, painting units, checking on properties etc. in exchange for letting me watch how you do things.Remember each no you get just means your one step closer to getting a yes. 

Exterior is new - 30yr siding warranty and 25yr paint warranty.

We would get the one set of tenants out, then go in and fix/clean/paint/carpet the property, screen new tenants and place them, only to have to repeat the whole process over and over again.

I do have the rehab experience, 25 year remodeling, painting and home improvements. 

Bought property for $36,000, previous sale $108,000, needed partial roof repair, clean and paint, rent $895, already had new gas furnace and central air conditioning, off street parking, fenced yard and deck.#2. 

I am interested in buying REO or mortgage-able properties outside of the 465 loop that need minor rehabs such as paint and floor coverings, maybe new kitchen cabs.  

Yard, paint, fences, roof, vacancy standard, etc..).  

Paint is Cap Ex?